China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

EuromoneyFXNews.com

EuromoneyFXNews.com

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June 2009

Belgium: Write-down puts KBC into loss


Even as shares rallied last month, some banks reported severe problems. KBC’s write-downs of insurance from MBIA on a previously undisclosed €14.4 billion collateralized debt obligation portfolio...


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